Market rents in final quarter of 2022 up 2.7% on previous three months

The continuing increase in the cost of renting accommodation is being driven by the continuing shrinking of the number of properties being offered for rent.

There were just 1,096 properties advertised as available for rent on February 1st, down more than 20 per cent on the same date last year and roughly one quarter of the average level of availability during 2015 to 2019. “The extraordinary collapse in availability over the past two years has brought about record increases in open market rents,” said Ronan Lyons, associate professor of economics at Trinity College, Dublin. “New rental supply is the only real solution to a shortage of rental homes.”

Policymakers’ plans for addressing the housing crisis must include plans to deliver “tens of thousands” of new rental homes in towns and cities over the coming decade, he said. Colm Keena is an Irish Times journalist. He was previously legal-affairs correspondent and public-affairs correspondent

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Venture capital investment fell sharply in fourth quarter of 2022Venture capital investment fell sharply in fourth quarter of 2022 via IrishTimesBiz
La source: IrishTimesBiz - 🏆 6. / 77 Lire la suite »

VC investment in Irish tech firms and SMEs flat in 2022Investment by venture capital firms into Irish tech firms and small businesses remained flat last year, according to new data.
La source: RTEbusiness - 🏆 16. / 61 Lire la suite »

Smurfit Kappa should go for share buyback if market continues to box it inJoe Brennan: Smurfit Kappa should go for share buyback if market continues to box it in.
La source: IrishTimesBiz - 🏆 6. / 77 Lire la suite »

On the market: your weekly guide to homes for sale around the country5 Bulloch Harbour in Dalkey, a semi-detached house dating from around 1940 in a cul-de-sac off the North Circular Road, a terraced house built circa 1949 in Whitehall, and a detached five bed house built in the 1970s in Wicklow come to market this week
La source: businessposthq - 🏆 8. / 71 Lire la suite »

Commercial property market in a downturn, investors believeSociety of Chartered Surveyors Ireland report finds 42% expect to see a decline in office rental values by up to 10% via IrishTimesBiz
La source: IrishTimesBiz - 🏆 6. / 77 Lire la suite »